上市公司最优激励约束机制设计研究

The Design and Study on the Optimal Incentive and Restraint Mechanism of Listed Company

针对目前我国国有上市公司激励约束机制的现状,实证分析了34家ST上市公司激励约束机制存在的问题,并指出激励约束机制的失衡是导致上市公司高管机会主义行为的重要原因,最后提出了建立上市公司高管激励约束的均衡机制措施。

In view of the present state of incentive and restraint mechanism in state-owned listed companies,34 state-owned listed companies are taken as examples so as to analyze their problems in the incentive and restraint mechanism actually.It is pointed out that the unbalance of incentive and restraint mechanism is the main reason that leads to the opportunism behavior of superiors in the listed companies.Finally the paper presents some measures to establish the balanced incentive and restraint mechanism for supe...